3 Sep 2025
💰NYSE American Rule Change on Compliance Fees Impacting Companies
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt a Provision That the Exchange Will Not Review a Compliance Plan Submitted by a Listed Company That Is Below Compliance With a Continued Listing Standard if the Company Owes Any Unpaid Fees to the Exchange and Will Commence Suspension and Delisting Procedures if Such Fees Are Not Paid in Full
Summary
The SEC has approved a rule allowing NYSE American not to review compliance plans from listed companies with unpaid fees, initiating delisting procedures if fees are not settled. This change is aimed at ensuring companies meet their financial obligations before being considered for compliance evaluation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory change requires listed companies to pay all outstanding fees before their compliance plans can be reviewed by the Exchange, which affects their ability to maintain compliance and avoid delisting. This measure could significantly impact companies' financial strategies and obligations.